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ACCAFRevisionCourseMockJ-ANSWERS[].docVIP

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ACCAFRevisionCourseMockJ-ANSWERS[]

ACCA Paper F4 (ENG) Corporate and Business Law Revision Course Mock Examination June 2010 Answer Guide How to pass Attempt the examination under exam conditions BEFORE looking at these suggested answers. Then constructively compare your answer, identifying the points you made well and identifying those not so well made. If you got basic definitions and rules wrong: rerevise by rewriting them out until you get them correct. How to fail Simply read or audit the answers congratulating yourself that you would have answered the questions as per the suggested answers. ? Debbie Crossman, April 2010 All rights reserved. No part of this publication may be reproduced, stored in a Part (a) retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of Debbie Crossman.  ● ‘Jurisdiction’ means the type of dispute the court deals with. Part (b) The main route of appeal from both of the first instance courts is to the Court of Appeal and then to the Supreme Court. A common error is to state that appeal from the County Courts lies to the High Court. (a) The jurisdiction of the County Court is entirely civil and entirely first instance. It deals with cases covering, for example, contract, tort, landlord tenant, probate, and insolvency. [1 – 2] In relation to contract and tort the County Court hears all small track claims – simple claims valued at no more than £5,000. It also hears most fasttrack claims – a streamlined procedure for moderatelyvalued claims (£5,000 to £25,000); and some multitrack claims – a flexible procedure for high value (over £25,000) and/or complex claims. [1 – 3] For jurisdictional purposes the High Court has three divisions: the Queens Bench Division, the Chancery Division and the Family Division. Each divisions jurisdiction is mainly first instance but some appeals are also heard. [1 – 2] The jurisdiction

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